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NHPC eyes stressed 120 MW Jal Power plant in Sikkim

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Economic Times
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NHPC will bid for 120-MW Jal Power stressed plant in Sikkim when the project is bid out under the bankruptcy court this month. Lenders had referred the project to NCLT and the bankruptcy court is likely to call bids for the project soon, said NHPC chairman and managing director Balraj Joshi. NHPC recently obtained the approval of Union Cabinet for investment of Rs 5748 crore in 500-mw Lanco Teesta Hydro Power that the state-run company acquired for Rs 907 crore by bidding in NCLT. The project is likely to be commissioned in 3.5 years, Joshi said. 

Investment sanction of Rs 4287 crore for construction of 624-mw Kiru Hydro Electric Project located on river Chenab in Kishtwar district of Jammu & Kashmir by NHPC and J&K state power development utility joint venture was also approved. The project is scheduled to be completed in 4.5 years by Chenab Valley Power Projects Pvt Ltd. 

NHPC has replaced PTC India as aggregator for the second round of aggregation scheme for procurement of 2500-mw power purchase agreements for three years. As aggregator, NHPC will sign agreement for power procurement with stressed power plants and back to back power supply pacts with discoms. “NHPC will receive trading margin from discoms for aggregation between generators and distribution companies,” Joshi said. 

NHPC targets an installed capacity of 10000-mw by 2022 against the present capacity of 7071-mw. 

The Supreme Court on Monday allowed a three member expert committee to study and submit impact report on the proposed 2,000-MW Lower Subansiri hydroelectric project on the border of Assam and Arunachal Pradesh. Organisations opposing the projects had approached the Supreme Court against National Green Tribunal order rejecting appeal filed by social activists against the constitution of the committee. 

Author: Sustainability Outlook Desk